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Bearish Flag

How to tell if a chart formation is the real deal or not $BTCI meant to say I would rather make a video than right multiple paragraphs trying to explain something that requires some visuals. Anyways, the video says it all, there's always got to be more than just the chart formation that you look at when deciding on how to play a trend or potential breakout/breakdown and how to tell when it's just a fakeout. As you can see, the bear flag also got denied at the 100-day MA for BTCUSD My long-term view is bullish for Bitcoin
COINBASE:BTCUSDLong
0
by EBITDAtiger
2
Terra LUNC | Last chance to sell before it crashes again! LUNC now offers an amazing opportunity to sell your coins before it crashes again, which is really great! Also, you can enter a short position on the futures market to profit from this upcoming move to the downside. This chart is definitely not bullish. I see a big bearish downtrend that is in progress. The price is clearly moving in the parallel descending channel on the 4h chart, so theoretically we can still go up a little bit. According to my Elliott Wave analysis, the first impulse wave has finished and we are in an ABC correction followed by another impulse to the downside. My target is 0.00012000 USDT, then maybe we can start a brand new uptrend to new all-time highs. It's possible, but I am not buying anything named LUNA, LUNA2 or LUNC. In my opinion, the volatility will go down and the price will go down slowly. Forget about LUNC, you are too late for the bull party. If you are a lover, buy it lower. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
65
Bitcoin - Uptrend before a massive crash! The trend is clearly descending and there is absolutely no sign of a trend reversal at this moment. The bears are extremely strong and I don't see any hope for a greater bullish price action. However, we can definitely experience a relief rally back to 21300 USDT and even break the trendline temporarily, where everyone can get caught like a deer in the headlight? On this daily chart, we can spot a descending triangle, and we can go sideways for another month and consolidate in this descending triangle. I would not be surprised at all if this happens. After the price breaks the triangle, I expect 12500 USDT as a potential reversal point. I think this crash will be very fast and will be followed by a huge bullish candle, so you want to set your limit orders to catch this upcoming flash crash. November and December can be very bullish months for Bitcoin, so you don't want to miss it at all cost. The good news is that the stock market and gold are already crashing while Bitcoin is relatively strong, to my surprise. On the 4h chart, Ethereum also shows a sign of a temporary relief uptrend, as does XRP and other altcoins. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
58
Formation of a massive bearish flag on HTF Bitcoin charts.Title says it all. Price broke out at around $28,000. I would expect a breakout dump / downwards movement into the supply area in confluence with the bearish flag pattern targets between $17,000 and $18,000 (roughly the same percentage down as the breakout from above into the flag). Please check linked idea for a more in depth supply vs. demand bearish sentiment and my short term view on Bitcoin's movement inside this channel / bearish flag.
COINBASE:BTCUSDShort
by xcitedDelirium
UniSwap - Bulls are trapped in the channel! What next? The bulls are still trapped in this descending parallel channel, so the bears are in full control and the bearish trend is intact!  There is a strong possibility of another 67% drop in this particular downtrend before we see a stronger uptrend.  According to my Elliott Wave analysis, an impulse wave is still not finished and we are looking for another leg downward.  Buy UNISWAP at the bottom of the channel, or 1.8, where I expect a massive bounce! I don't know if we will reach this level, but if yes, then this is a great buying opportunity!  The fundamentals are absolutely terrible right now for the stock market and crypto, and this trend may continue for another years. UniSwap is the most popular decentralized trading protocol, but it looks like the whales want to buy it cheaper. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
48
Terra Classic LUNC - More downside is coming! | Elliott wave The bull party for LUNC is over, and now we need to regain strength again at lower levels! Many people have lost money in UST and LUNA in the past; there is no trust in these projects, and I would never buy them for long-term speculation.  Maybe that was just a scam pump. I don't even know if someone can trust these coins named Luna, LunaC, Luna2. It looks like a pump and dump game for whales. Better to short it on the futures market to make some money or just stay away. That's my recommendation. I'm not saying we'll go straight down; rather, the price may print a triangle before continuing to the abyss.  As per my Elliott Wave analysis, a major impulse wave has finished and we are looking for a retracement to the downside. 0.618 FIB, or 0.5, is a classic correction for a first impulse wave, and it fits perfectly with the previous horizontal support exactly at 0.00011 USDT. It looks like a sweet point to buy LUNC again if you are bullish about the next possible uptrend. I expect tremendous gains for Golem (GLM). You can find this altcoin in the related section down below. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
82
Bearish Flag on EUR/CAD @ W1The chart formation on the EUR/CAD weekly timeframe resembles a bearish flag pattern. It offers a trading setup with a downside breakout entry potential. The flag and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line (1.25467). My potential stop-loss level is marked with the red line (1.32897). I will wait for the price to close significantly below the flag's lower border before opening a short trade.
Short
by AndriyMoraru
3
Bitcoin to 13k next month! Bear flag is breaking down! The bear market is really powerful and steep. It appears that with this speed we will definitely hit 13k next month, or the price may print a triangle before another leg down!  The dollar is extremely strong and everyone is escaping to cash because cash is king? I don't know, you tell me. Bonds are rising and so are interest rates. I am pretty confident we have a massive support at 13k, which is a great buying opportunity for a mid-term bounce!  On the chart you see the potential for a textbook impulse Elliott Wave, which is a sign of the start of a huge bear market, not the end.  After we hit 13k, I expect an ABC retracement back to 25k as a wave B and then another impulse wave downward to 3k-6k. I know it seems crazy, but it can happen as per Elliott Wave rules. This bear market can last kindly 4-7 years, and after 10 years we can reach new all-time highs, which will be the longest bear market in history. The bull cycle 2009–2021 is over. The bear cycle 2021-2026 begins? This analysis is just a scenario, and I would love to be wrong. I really don't want bear markets. This is really the last thing I want. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
134
Bitcoin - Game over! 3000 USD next target, bear market 2025 The bubble has popped, but now for real! We can reach 3000 USD next year without any problem because this exponential growth in bitcoin is over. As you can see on the chart, we had a very nice parabolic uptrend, but nothing lasts forever, and it's not sustainable to hold this curve. We need to cool down for a few years so we can start a new uptrend (wave 3) in the long run. Bitcoin is clearly losing steam on the monthly chart. Satoshi Craig Wright in 2020 said "BTC is not going to go to $100,000". Never? Is he right or not? Tell me in the comment section! It looks like everyone who bought bitcoin in the last 5 years is too late to the party. The 12-month candle is printed as a shooting star, which is indeed extremely bearish. The major trendline from 2013 is breaking down, which is definitely not a positive sign! As per my Elliott Wave analysis, we have finished a major impulse wave and we are looking for an ABC retracement. The usual target of a C wave is at the start of wave 4. The price is below the 200 weekly moving average for the first time in history. This MA is considered a strong support by huge institutions and hedge funds. It's very important. I expect tremendous gains for GLM (golem). You can find this altcoin in the related section down below. For more analysis, hit "Like" and "Follow"!
BITSTAMP:BTCUSDShort
by UnknownUnicorn2537518
190
Gold - Major crash is prepared! -18%, channel is breaking down! On the weekly chart, gold is very close to a massive crash. I think the bulls have no power here and I don't even want to see a huge red candle. As you can see on the chart, there is a rectangle consolidation pattern with multiple touchpoints and also an ascending parallel channel that is currently breaking down! Next target is 1370 USD, and I think we will hit this target very quickly. After that, we want to see a strong bounce from this level, because otherwise we will go even lower! This is a bullish Elliott Wave count, so wave 4 should not go below previous wave 1 because this may invalidate this bullish scenario. Interest rates are growing, and so are bonds. We have a strong dollar and everyone prefers to hold cash, even with high inflation. This is not looking good for the stock market, crypto and gold at all. But you can still make money if you open a short position on the futures market or purchase some put options. Look at my ideas about Bitcoin and Ethereum in the related section down below. For more analysis, hit "Like" and "Follow"!
OANDA:XAUUSDShort
by UnknownUnicorn2537518
55
Ethereum - Descending channel is breaking down! 33% crash soon? Hmm, the situation is grave indeed. Maybe a change of plan is needed! On the daily chart we can clearly see an ascending channel or maybe a bear flag , but I prefer the channel. Ascending channels are bearish patterns, and this channel is very close to a breakout. This is a bullish Elliott Wave count, and we need to complete an ABC correction to start a third impulsive wave upward! As you can see, we started this uptrend with a nice impulsive wave. Now the question is, where is the support? You can use the 0.618 FIB or POC of the previous structure to set a limit buy order if you are a bull for the next major wave to the upside. But I am bearish and it's possible that we reach even lower prices like 880 USDT in the immediate short-term. Because ETH is far more powerful than BTC , Bitcoin can fall dramatically while ETH only slightly. I expect tremendous gains for GLM. You can find this altcoin in the related section down below. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
64
BTC: PERFECTLY PLAYING THIS BEAR FLAG SCENARIO SO FAR!! Hello everyone, if you like the idea, do not forget to support with a like and follow. Posted a BTC update a few days back when BTC is trading around $22k and told you that this whole bullish move might be a retest (Link given below). When everyone is extremely bullish and telling $30k by the end of this month. I told you that this whole move might be a retest. Following perfectly so far. Hope you guys listened and did not hold any long position. As of now $20.2k-$20.5K is important to support here. I hold then we might see some bounce. A daily close below $20.2k and we are all set to go again $19k-$19.5k There is a high chance that BTC made a new low this month and that might be our last opportunity to buy BTC at lower prices. Let's see how this goes. We will always keep you updated about the market and try our best to give you. All we need is your little bit of support and love. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
BINANCE:BTCUSD
by CoreCrypto1
4
Solana - Bear flag is breaking down! The Bear party is starting! The bears are in full control of this downtrend. We are still below the 20 weekly moving average and the bear flag is definitely broken and retested. This is not looking good for the SOL coin at all. This structure looks incomplete and we need another leg downward to complete a beautiful impulsive wave. Solana started with a strong impulse wave in 2020, which gives us potential for another bull market in 2024-2025 to new all-time highs. Another 46% crash is really possible and likely in my opinion. I don't like to be bearish because people generally don't like bearish analysis. Crypto is a pump and dump environment. It's not like a stock market with incredible strength and buying power from bankers. But I think we can expect a solid pump after we reach my support level. 90% of altcoins are just very bearish, and it's hard to make money in a bear market. It is how it is. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
33
Cardano ADA - The worst altcoin! When next crash? You cannot make money on ADA at this moment, because the downtrend is extremely strong and it's going to be even worse later this year!  Don't get me wrong, I think ADA is a great altcoin, but if you bought the top, you are too late for the party.  The market structure is insanely bearish and we have a descending triangle on the daily chart that will break down with a high probability. ADA is going sideways from May 2022, and the buyers are simply not here at this moment. The price is making lower highs and now the price is being compressed in this triangle formation.  Also, we have a massive broadening wedge, so you might want to wait for a breakout before enetering a long position, or you can catch the falling knife exactly at my support level, as you can see on the chart. My Elliott Wave analysis suggests we have an incomplete ABC structure and we should expect 2 more impulsive waves downward, so another 63% crash is definitely possible!  The bears are in power and I would not play with them at all cost. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
65
TOTAL M.CAP: BEAR FLAG RETEST!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this Total M.cap update. Personally, I'm not a bear. I enjoyed more in the green market. I'm happy if this chart will invalidate but we have to be cautious until things look better. Now let's get to the chart. Total M.cap is currently trading above the $1T level. It is forming a bear flag in the daily time frame. After the breaking down of this bear flag, it looks like a clean retest of this bear flag. If this bear flag played out completely then we might see a 35-40% downside move in market cap. Invalidation:- Any daily candle close above the $1.04T level will invalidate this bear flag. What do you think about this? Share your views in the comment section.
CRYPTOCAP:TOTALShort
by CoreCrypto1
4
Shiba Inu - Fake breakout! 60% crash soon | Elliott Wave We are in the middle of the crypto bear market. Altcoins like SHIB, ADA, XRP, SOL, DOT, and LINK are going to crash hard. You really don't want to buy these coins at this moment.  I think Shiba doesn't deserve to be ranked at #13 on Coinmarketcap with this terrible price action. Yes, we had a massive pump that lasted only 30 days in 2021, but now we've been bleeding for 320 days.  On the daily chart, we have a descending parallel channel on the LOG scale with a fake breakout. It was a trap, and there were clearly missing buyers on this token. The token is still so expensive that buyers are not interested. The price should go down to the previous swing low at 0.00000510, which is an extremely strong support and potential buying opportunity. I would like to see a bullish divergence on the weekly timeframe, and this divergence will definitely be created if we drop down to 0.00000510. From the Elliott Wave perspective, we need another impulse to the downside to complete a major impulsive wave, so I think we have already started the downtrend. Maybe Shiba is a great altcoin, but it is very overpriced and expensive. Definitely not a good investment at this time. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
62
BTC: WHAT IF THIS WHOLE MOVE IS JUST A RETEST??Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BTC is continuously pumping from the $18.5k level and currently trading above the $21.6k level. After posting this chart many of you guys don't like this but as a trader, we have to be aware of every possible scenario and I'm just sharing my idea here. According to this 2D time frame chart, BTC breaks down the bear flag and this whole pump looks like a retest to this bear flag. If this was a retest then we see a dump soon. On the 13th of September CPI data will release so I'm expecting a dump on that day and before that, on weekend we might see some more bullish scenarios for trapping more and more longs. Just be cautious here and wait for the weekly close is much better here IMO. Invalidation:- If this 2D candle closes inside the flag (Above the $22.2k level) then this bearish scenario will be invalidated. What do you think about this guys? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
BINANCE:BTCUSDShort
by CoreCrypto1
6
BTC bearish flag on board #BTC/USDT $BTC broke down from 4h and daily ascending channels. and drop almost as high as the bearish flag pattern. 🐻 as the broke of daily channel has confirmed so daily channel as a bearish flag can drop price toward $10k and $8k. but maybe till the end of this week there will be another sideways move between lower lines of daily and weekly channels. 🐻🐻 close a weekly candle below weekly channel will confirm full control of bears on the market and huge downtrend toward $10k and $8k.
Short
by parissap
12
Ethereum ETHBTC - New all time high this year! Then a big crash? Ethereum is much stronger than Bitcoin and this trend should continue until we hit the major resistance from 2017, which is approximately another 85% upwards.  As you can see on the chart, this whole market structure looks like an ascending triangle. This triangle should break downwards, if we don't want ETH to flip BTC on coinmarketcap.  Keep in mind that ETHBTC does not belong to a trending market. It's more like an oscillator. You can compare this pair to the EURUSD forex pair. So, forex strategies should work much better on this particular ETHBTC pair. According to my Elliott Wave analysis, we are currently in the final 5th impulsive wave of the bigger impulsive wave. Bitcoin's dominance is breaking down the key market structure, which, of course, greatly favors ETH. Look at my ideas about interesting altcoins in the related section down below. For more analysis, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
52